New Zealand Gazette – 2008 – No. 92

Page 2492

✨ Electricity Market Review



2492 NEW ZEALAND GAZETTE, No. 92 4 JUNE 2008

Retail

  1. The Government considers that competition between electricity retailers should,
    over time, help ensure that retailing costs are minimised, service quality is
    improved and downward pressure is placed on generation costs. Most consumers,
    especially in larger centres, have a choice of retailers, and the processes for
    consumers to change suppliers have steadily improved. The Government
    considers, however, that retail competition is not as vigorous as it could be, and
    looks to the Commission to promote and facilitate retail competition.

  2. The Commission should take primary responsibility to promote and facilitate
    efficient and well-functioning markets and related arrangements for:

• Terms and conditions for access to end-use electricity meters by retailers

• Processes and procedures to ensure that consumers are able to switch
retailers with a minimum of inconvenience and cost

• Enabling retailers to effectively manage price risk e.g. through hedging.

The reconciliation of, and payment for, distribution line losses

  1. Current methods for calculating, reconciling and arranging payment for distribution
    line losses by competing retailers are often raised as a concern by retailers. The
    Commission should develop model approaches to improve distribution loss factor
    calculation and should investigate and make recommendations for the
    management, minimisation and allocation of distribution losses.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 92


Gazette.govt.nz — PDF NZ Gazette 2008, No 92




✨ LLM interpretation of page content

🏭 Review of contracts for surplus generation (continued from previous page)

🏭 Trade, Customs & Industry
Contract review, surplus generation, market issues, competition, retailing costs, service quality, generation costs